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Ethereum: $462K Long Liquidated at $4,609 — Watch for Short-Term Downside
I observed a $462,000 long on Ethereum get liquidated at $4,609.67.
This large liquidation points to concentrated long exposure and adds short-term downside pressure and volatility around current levels.
I will watch price action and key support zones before adding size; a clear reclaim above $4,700–$4,800 would reduce the immediate risk.
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Analysis
The liquidation likely reflects a liquidity sweep around $4.61k that can trigger further short-term selling and whipsawing. Expect higher volatility and potential retests of nearby support levels; ris...
Recommendation
I'm watching price action closely and recommend avoiding new large longs for now. Consider small buys on weakness with tight stops or wait for a confirmed reclaim of resistance before increasing expos...
Disclaimer
The Analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.
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